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Home » Reader question » Reader question: What is an indication for land prices in Phayao province?
Dear readers,
I live in Phayao province. In the area I am looking for a piece of land for a vegetable garden and a bee farm. I looked around and asked.
People here soon ask about 20 euros per square meter. Idiot high in my experience and also in that of my girlfriend.
Who can give me an indication (I don't have to put a house on it).
regards Adrian
They are crazy, rent a piece from the neighbors for 2 years or so, then you know what you pay, including water from a well or tap, a lot of work and the insects, if you don't use enough poison, eat everything, bad for the bees. About the price of the land, they live by the day, you can only buy for a normal price 2 – 3 euros if they have no money to pay for their own funeral, it is wise to let them cook, or for a bit of fun, do just as if you want to buy for 20 euros, then they have already spent the money, then you have some fun, it is wise to enjoy your money, do not buy anything.!!!!
expensive because you are farang, and I think a farang cannot buy land there, always remains in Thai hands
Dear Adri, that does indeed seem substantial to me. Aren't you confused with a talang wah? that is 4 m2. The price that is asked of you amounts to approximately 751 baht per m2. That is more than 1,2 million baht per rai (= 1600 m2). A normal price for a rai in your area is around 700.000 baht. The land must then be easily accessible from the public road with the possibility of connection to water and electricity. In rural areas it makes no difference to the price whether you want to build or not. Good luck!
Hi Gus,
Correct. What often also determines the price is how many rice harvests you can get from it for a few years.
Bad soil 1, very good soil 3.
Then there must be access to river water, for example.
Regards Jos
Area dimensions in Thailand: rai 1600 m2; ranging from 100 m2 to 4 m2.
I lived for 10 years (1999-2010) in Phayao province, Chiang Kham municipality (70 km northeast of Phayao city and 30 km from the Laotian border, completely in the countryside, 2 km from the nearest village. There we bought then in 1999 10 rai with a fairly large house for 1.2 million baht, 6 rai of rice land for 300.000 baht and a few gardens of 3 rai for 50.000 baht. I got divorced in 2011 and the 10 rai was then sold for 2.8 million baht of which I half received. Since then, prices have risen even more, so we really lived in the flattest countryside.
If you really want to live in the countryside in or near a village, you pay 300-400.000 per rai. If you want to live in a nice place in the city of Phayao, pay 5-10 times as much. If you don't tell us what your wishes are, you can't answer your question.
If you want to know whether they charge a reasonable price, you can ask for the purchase price of nearby land. I believe that the land register (thie din in Thai) also has information about the average price in a certain area (there must be (transfer) tax on this when buying/selling: a certain percentage).
20 euros per m2 is 1 million euros per rai, which is a normal amount for a good location. Further into the countryside you pay half and to a desperate farmer maybe only a third.
Tell me, where is that piece of land of 20 euros per m2? Municipality, tambon, village, then I can say whether it is expensive or cheap. (Why didn't you mention that right away?)
Hello Tino
It concerns a piece of land behind our house. We only want to use it as a garden and to set up some beehives. I estimate it is 800 square meters. The owner is asking for 500000 baths.
It is in the village of Pong. 70 km east of Phayao.
Regards Adrian
I know Pong well, I visited it regularly, for example on my way to Chiang Muan.
I think the price is way too high. Riceland will do something like 100.000-150.000 per rai there, a piece of land adjacent to a house 2-3 times as much, at most 250.000 for half a rai. Maybe you can lease the land for a number of years? Between 5 and 10.000 baht per year?
New math.. If a Rai 1600 square meters is a talang wah (as you call it) so
1.6 square meters. Ask myself if you can give a price for a piece of land where only
it is known that it concerns the Phayao province. There is always a big difference between land where
you can build a house and use it as agricultural land or garden.
You may not want to believe it, but I would get a Thai real estate agent.
Cor van Kampen.
Just admit a mistake. A Talang Waa is indeed 4 square meters.
I suddenly became a lot richer myself. I still stand behind the rest of my story.
Cor van Kampen.
I sold 11 rai in Nonbwalampoo last year for 700.000 baht the whole bunch. Had it for 10 years. It is best to inquire with the obador or tamnaam (village elder} Because they know where to find all the bargains. Set up a company and let them buy it. Have fun.